Feb 9, 2013 2:00am EST
. when i love about new york city and all the cities that are really international cities, there are not that many in the united states, san francisco, l.a. a bit, i love about it is there is always a new population of people moving in. so the japanese lose their yen value and move out, the chinese move in and take their computers of their hands, always someone, whoever is coming in. gerri: to see that more all over the country. all the foreigners buying in florida. so we're starting to see investors coming in the fall cash. foreigners coming in and out of cash. individuals, first-time buyers, people who want to trade up. >> you know who is a person he should be moving even more than a first-time buyer or international person, someone who wants to trade up because if you take less for your home today and get them, this deep discount to you are ahead of the game. people are still stalling when they should not be. gerri: named three cities that you like now. >> seattle, las vega and first and foremost new york city, my home town. gerri: so good to see you. the key for coming on. apprec
Feb 8, 2013 7:00pm EST
tonight, the brady -- braving though whether. starting in the york city. >> you asked me earlier if i was ready, fortunately i am but the warnings came out two days ago. if you don't have it by now now, it's too late. no better picture than this literally covering the entire northeast corridor. although many people got what they needed groceries, prescriptions, gu est in their car, it will be treacherous, and the airlines are not traveling anywhere, 5,000 flights canceled and the impact will be felt for days to come. amtrak shuts down early this afternoon leaving travelers stranded and advising people tuesday point*. there is concern they get it right, governor cuomo had this to say. >> the new york power authority has extra personnel on duty to help with power outages. this is a serious, severe winter storm, we just went through a terrible storms with hurricane sandy, not anticipating anything like that, that is the good news. >> the national guard is out. people should check the elderly to make sure people are okay. charge your cellphone now and take it seriously, possibly for the r
Feb 8, 2013 11:00pm EST
where the overall economy is not doing well, these are the markets to be careful about, but a south florida or new york industryic city economy. houses markets are so strong because it is a shrinking inventory, it pushes property value up. liz: the viewer is probably thinking, i thought we were in a huge housing crack up. then we're in recovery mode, i to to report a statement about a case schuller study. this person is a critic, watch out for housing numbers that are coming in. data is skewed, neighborhoods where subprime lending was rampant, and massive foreclosures, and now you see people coming in to buy these houses, that is spewing the data upwards, there has been a lot of price depreciation since 2006 in those areas, should be put this in perspective of what really happened in the housing market? >> we should, but we need to look at, at median income price point, rental rates, they have escalated over the last 5 years, rental rates for apartments have sky-rocketed. now the delta between cost of homeownership and cost of renting is equivalent, in some cases it is more expensiv
Feb 9, 2013 12:00am EST
york are the two cities in the united states of america that have the greatest barrier to entry. the demand for housing far exceeds the ability of the marketplace to produce that housing. the appreciation is really based upon the inbalance between supply and demand. melissa: uh-huh. new york as well, by zillow thinks it's up half a percent in new york, one of the worst places to buy. >> you can't believe zillow. you really have to -- [laughter] i mean, if you -- if you look at what people said about housing, they said that nobody would buy houses anymore, and it was over. melissa: do you think prices in new york are going up half a percent? >> prices in new york city, and when they take new york, new york state is in effect. new york city, we are back to the prices that we were at the boom. we're at 98% of the value of the homes before the boom. melissa: anything changed? >> financing, much harolder. melissa: you have to have more money? >> yes, and very, very good credit. melissa: what changed? l.a. is an area, i have friends hurt out there, bought their home, collapsed, underwater.